M&A Deal Summary |
|
|---|---|
| Date | 2019-09-13 |
| Target | SSE - SSE Energy Services Business |
| Sector | Utilities |
| Buyer(s) | OVO Energy |
| Sellers(s) | SSE |
| Deal Type | Divestiture |
| Deal Value | 500M GBP |
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OVO Energy is one of the UK’s major independent suppliers of domestic energy. Technology leadership is central to Ovo’s service proposition, enabling it to provide its customers with high levels of service at a lower cost-to-serve versus many other suppliers. It also benefits from a strong and trusted brand. OVO Energy was founded in 2009 and is based in Bristol, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Utilities M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 2 of 2 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-12 |
Corgi HomePlan
Dunfermline, United Kingdom Corgi HomePlan Ltd. is a UK based provider of home maintenance insurance plans to homeowners. All plans incorporate heating, plumbing and electrics as standard, along with an annual boiler service. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Energy Services and Equipment |
| Employees | 15,824 |
| Revenue | 10.1B GBP (2025) |
SSE is an energy company, and the broadest-based energy company. It operates across the energy value chain in the GB energy market, and generates and supplies energy to electricity and gas customers in Northern Ireland and the Republic of Ireland. SSE was founded in 1989 and is based in Perth, Scotland.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 2 of 3 |
| Country: United Kingdom M&A | 2 of 3 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-21 |
Neos Network
Reading, United Kingdom Neos Networks is a B2B telecoms provider with biggest business-dedicated network. Neos Network offers a wide range of products and integrated solutions including edge WAN, Ethernet, optical and dark fibre services. Neos Network was founded in 1997 and is based in Reading, United Kingdom. |
Sell | £380M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-01 |
SSE Contracting
Aberdeenshire, United Kingdom SSE Contracting is a Mechanical and Electrical contractor providing mechanical, electrical, rail, street lighting, and high voltage engineering services to install and maintain key infrastructure. SSE Contracting is based in Aberdeenshire, United Kingdom. |
Sell | £28M |
